This study aims at establishing new policy directions of inter-Korean economic cooperation reflecting upon recent changes in the external and internal environment of inter-Korean relations. The study, furthermore, attempts to provide implementable action programs to strengthen the physical and institutional infrastructures.The report consists of seven chapters. The first chapter discusses the background and need of the study together with research objectives and methods. This chapter also briefly examines the political and economic meanings of inter-Korean economic cooperation. First of all, inter-Korean economic cooperation has a significant value as an intermediary framework and a tool for inter-Korean cooperation. This is because economic cooperation provides a foundation for the reunification of the two Koreas through inter-Korean industrial integration based on the complementarity of production factors between the two Koreas. In addition, as inter-Korean economic cooperation expands, it will lead to more contacts and exchanges in non-economic arenas including political and cultural and hence contribute to building the Korean community. (The rest is omitted.)